The Namibia Employers Federation (NEF) has been actively advocating the deferment of the National Minimum Wage (NMW) implementation, which is currently set for 1 January 2025. Despite extensive engagement with unions and government stakeholders, no agreement to postpone the date has been reached. Many union offices have already closed for the holiday season, leaving consultations...
BEIJING – Beijing yesterday accused the EU of “smearing” Chinese firms after the bloc sanctioned companies from China for supplying Russia’s military in the war on Ukraine. China will “take the necessary measures to resolutely protect the proper and legitimate rights and interests of Chinese enterprises”, foreign ministry spokesman Lin Jian said. The European Union...
NEW YORK – One after another, United States of America tech giants have bowed to president-elect Donald Trump, with Meta, Amazon and OpenAI each pledging US$1 million to his inauguration fund. On 20 January, Trump will kick off his second term, with the promise to drain the bloated federal government. OpenAI recently confirmed that CEO...
The United States of America’s International Development Finance Corporation (DFC), Finnish Fund for Industrial Cooperation Ltd (Finnfund) and Google LLC on Monday announced an initial equity investment of US$90 million into Cassava Technologies Limited. Cassava is a market-leading and diversified information and communications technology (ICT) platform in Africa. Operating in over 30 countries, Cassava provides...
QATARENERGY, one of the biggest oil and gas companies in the world, is deepening its interest in the Orange basin by expanding its footprint in what industry experts consider one of the world’s newest and hottest oil and gas hunting grounds. This is as QatarEnergy, formerly known as Qatar Petroleum, this week announced it had...
BEIJING – Beijing yesterday said plans by the United States to hike tariffs on more Chinese imports “pile errors onto errors”, after Washington homed in on products including crucial solar panel components. The moves announced Wednesday by the US Trade Representative’s office cap a review of tariffs imposed during president-elect Donald Trump’s first administration. Rates...
FRANKFURT – European Central Bank president Christine Lagarde said yesterday that eurozone policymakers would cut interest rates further if inflation continued to fall on its path towards the ECB’s 2% target. “If the incoming data continue to confirm our baseline, the direction of travel is clear, and we expect to lower interest rates further,” Lagarde...
A training on facilities’ management, held from 18 to 22 November 2024, in Windhoek, has been described as a resounding success, bringing together key industry leaders and professionals to enhance their skills. The training was facilitated by experts from CEA (South Africa), ensuring a high-quality learning experience for all delegates. This was the first training...
After acknowledging reports of a data exfiltration attack on Telecom Namibia, one of the country’s telecommunications operators, the Communications Regulatory Authority of Namibia (Cran) has underscored the critical importance of robust cybersecurity measures to safeguard vital infrastructure and consumer data. Through the Namibia Cyber Security Incident Response Team (NAM-CSIRT), Cran promptly responded upon identifying the...
Bank Windhoek has embarked on modernising its facilities through a nationwide branch renovation initiative. This is to provide a 24-hour customer-centric, people-first digital experience. Following the successful renovations of the Maerua Mall, Rehoboth and Lifestyle Centre branches, new upgrades in Otjiwarongo, Outjo, Grootfontein, Tsumeb and Oshakati have introduced state-of-the-art technology. James Chapman, the bank’s executive...